Buying land for your dream home is a big investment for you and your family.
While you might use a real estate professional to help you find just the right piece of land, there are 10
things you will want to take into consideration when looking at each property. As you review each of
these elements, your
Raavstar Consultant can be a great help in determining their impact on your project.
- Location, Location, Location
- Can you build on it
- Types of lots
- Zoning
- Permitting
- Restrictive Covenants
- Utilities and Roads
- Liens and easements
- Surveys
- Costs to develop the land
Before you talk with a real estate professional or begin to look at land, you and your family need to
determine what is most important to you in a location. How much do you have to spend on land? Is it the
quality of the schools and the activities you will be close to that matter the most? Do you want to be in a
more rural location with acreage and privacy? Are you looking for a lot that is already developed or are
you willing to spend the time and money necessary to develop the property? Do you want to be close to
freeway access? Do you want to be on the water or have a view? What is the minimum size lot you will
need for your dream home?
These are many of the questions you should think about. Then prioritize what is most important to you,
your family and your project
There are two (2) types of property. There is land that is
developed, which has the utilities brought to the
site and roads built. The second is
undeveloped land. If you buy undeveloped land, you will be
responsible for bringing the utilities to your home, and in many cases, you must build and maintain the
roads into your property. Your
Raavstar Consultant can give you an estimate of what these
improvements might cost. There are pros and cons to each type of land. Knowing what your priorities are
and what money you have to spend is essential to determining what type of property fits you project best.
